Life comes at you fast if you are the person responsible for maintaining the shareholder register at NatWest. Until last week, it was hoped that the bank would be at the centre of Jeremy Hunt‘s plans to get millions more Britons investing in the stock market. Money latest: Income growth …

Superdry, the struggling London-listed fashion chain, has received a reprieve after the owner of its flagship store towed back from a challenge to its rescue plan. Sky News understands that M&G, the asset manager which had been contemplating a formal objection to Superdry’s restructuring plan, has decided not to proceed …

A ban on crisis-hit Boeing increasing production of its best-selling 737 MAX planes is to continue amid ongoing safety concerns. US regulators first introduced the restrictions in February – and have now announced they will continue for at least the “next few months”. It comes after officials from the Federal …

A fancy dress manufacturer which traces its roots back to the 19th century is on the brink of insolvency after failing to find a buyer. Sky News has learnt that Smiffys, which is family-owned, is lining up PriceWaterhouseCoopers (PwC) as administrators, having tried to secure a sale in recent weeks. …

Workers at Tata’s Port Talbot steel plant are set to start industrial action next month, a union has announced. Unite’s action, which is short of a strike, is in response to plans to close both blast furnaces, with thousands of jobs in South Wales at risk. The furnaces will be …

The amount of money being deposited into ISAs has hit a record high, according to new official figures. Households put an additional £11.7bn into the savings accounts last month – the highest since records began in April 1999, the Bank of England said. It comes amid 16-year-high interest rates, which …

The takeover would result in a combined group with 700 branches, second only to Lloyds Banking Group. The combined assets of the groups would total roughly £366.3bn. Virgin Money is now the UK’s sixth largest retail bank with around 6.6 million customers, while Nationwide has nearly 18 million customers. When …

Over the year to May, house prices rose by 1.3%, said Nationwide. That compares to 0.6% growth in the 12 months to April. The building society said that consumer confidence had “improved noticeably over the last few months, supported by solid wage gains and lower inflation”. The Bank of England …

The housing market is showing signs of “resilience” with prices rising slightly, according to new figures from the UK’s largest building society. Nationwide said house prices were up 0.4% in May, compared to April. It said the average cost of a home was now £264,249 – with year-on-year prices also …

Slow income growth should be tackled with policies to improve productivity, a report suggests. Source link

The establishment of Great British Energy is among the last remnants of the ‘green prosperity plan’ devised and championed by Ed Miliband, the shadow secretary of state for energy security and net zero, three years ago. The former Labour leader’s vision was to spend £28bn per year in the first …

He chooses a different one himself every evening for a new game the following day. “It’s pretty humbling to think that so many people play every month,” he said. “I didn’t expect it to have this sort of success at all.” He is not the only one riding on the …

Sir Keir and Scottish Labour leader Anas Sarwar are in Scotland to launch a new logo and website for Great British Energy. The plans were welcomed by Greg Jackson, the founder of energy company Octopus. He said: “Labour is right that the UK’s reliance on fossil fuels added thousands of …

The store has been responding to some shoppers directly on social media. A Sainsbury’s spokesperson said: “A network issue is intermittently affecting Smart Shop, some card payments in our stores and some of our same day delivery orders. “We’re sorry for the inconvenience this may cause and we are working …

If you’re heading to Spain this summer and might get some of your holiday clothes from Zara, you might be better off waiting until you’re over there. The Spanish company sells items much cheaper over there – whether it’s women’s, men’s or kids’ clothes. You can search prices in English …

Budweiser has had to clarify a claim on its website that its beer is brewed using “100% renewable” energy after a complaint. The complaint was “informally resolved” by the advertising regulator, the Advertising Standards Authority (ASA), meaning the brewer agreed to substantiate the statement and detail fossil fuel use, and …

The company which prints banknotes for the Bank of England has revealed it is in takeover talks. De La Rue said it was in discussions with “a number of parties who have made proposals in relation to, or expressed interest in, either of the group’s divisions”. It comes following a …

For many women, having kids pauses or unfairly disrupts their careers. For Louise Hill, the opposite happened. Growing up in Lowestoft on the east coast of England, she had a childhood filled with days on the beach, kayaking and exploring old boats. But her own kids arrived into a very …

Speaking on the BBC’s Today programme, Mr Hunt said that “a future Conservative government will not increase income [tax] rates and VAT”. However, when pressed about whether the income tax threshold would stay frozen, Mr Hunt confirmed it would be for the next three years. “The tax rises that happened …

The next two biggest earners are VAT, which is paid on many purchases, and National Insurance (NI), which is another tax levied on people’s earnings. The OBR has forecast that VAT will raise £203 billion in 2024/25. However, the government said it expected to raise, external £2.2bn less from NI …